CIBC Issues Pessimistic Forecast for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its price target dropped by investment analysts at CIBC from C$37.00 to C$31.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 11.47% from the stock’s current price.

Several other brokerages have also recently issued reports on ENGH. TD Securities cut their target price on Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a research report on Monday. Royal Bank of Canada cut their target price on Enghouse Systems from C$43.00 to C$40.00 in a research report on Monday.

Enghouse Systems Stock Up 1.8 %

Shares of TSE:ENGH opened at C$27.81 on Monday. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of 18.30, a PEG ratio of -4.19 and a beta of 0.67. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29. Enghouse Systems has a 12-month low of C$27.00 and a 12-month high of C$38.47. The business’s 50 day moving average is C$30.44 and its 200 day moving average is C$30.26.

Insider Buying and Selling

In related news, Senior Officer Vincent Mifsud sold 83,800 shares of Enghouse Systems stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. 21.95% of the stock is currently owned by corporate insiders.

About Enghouse Systems

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.